Report: Housing in U.S. Not Set Up to Handle Aging Population

September 2, 2014 6:58 PM

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The report, entitled Housing America's Older Adults – Meeting the Needs of an Aging Population, estimates that the population of adults age 50 and above will reach 133 million by 2030, a jump of more than 70 percent since the year 2000. But while their numbers are rapidly increasing, the amount of housing that is affordable, physically accessible, and located well is not, the report said.

"Recognizing the implications of this profound demographic shift and taking immediate steps to address these issues is vital to our national standard of living," said Chris Herbert, acting managing director of the Harvard Joint Center for Housing Studies. "While it is ultimately up to individuals an...